Business

27-acre project planned near Charlotte's SouthPark Mall

November 12, 2014

(The Charlotte Observer)

Charlotte-based Synco Properties and Austin, Texas-based Schlosser Development want to build apartments, a hotel, offices and retail shops on a 27-acre tract at Sharon and Colony roads near SouthPark Mall. If rezoning is approved, the 353-unit Colony Apartments, built in 1972, would be torn down.

Raleigh's Highwoods to build Nashville headquarters for Bridgestone

November 12, 2014

(The News & Observer, Raleigh)

Raleigh-based Highwoods Properties was selected to develop a 30-story headquarters building for Bridgestone Americas in downtown Nashville, Tenn. The $200 million project totaling more than 500,000 square feet is expected to be completed by the third quarter of 2017. Highwoods owns 23 buildings in Nashville.

Amazon to hire up to 200 in Concord

November 12, 2014

(The Independent Tribune, Concord)

Amazon will open for business next week at Concord Airport Business Park, and the online retail giant will begin hiring 150 to 200 people in January, Concord Mayor Scott Padgett said. Seattle, Wash.-based Amazon will operate a 225,500-square-feet "sortation center" that could eventually employ up to 300.  

Dominion makes final attempt to solicit land owners' cooperation

November 12, 2014

(The News & Observer, Raleigh)

Richmond, Va.-based Dominion Resources sent letters to 226 land owners, including 32 in North Carolina, who have refused to allow the energy company to survey their land for the proposed 550-mile Atlantic Coast Pipeline. Dominion will seek court orders to gain entry onto the properties if the owners refuse to cooperate.
Related: Defenders of Appalachia rally against pipeline

Duke completes acquisition of Wake County cancer clinics

November 12, 2014

(The News & Observer, Raleigh)

Duke Medicine completed its acquisition of Cancer Centers of North Carolina, formerly the state's largest private cancer clinic that at one time employed 19 doctors and more than 130 people. 

Live Oak makes list of healthiest U.S. banks

November 12, 2014

(Greater Wilmington Business Journal)

Wilmington-based Live Oak Bank is ranked No. 126 on DepositAccounts.com's list of 2014 Top 200 Healthiest Banks in America. The website uses four measures of growth and stability to compile its rankings, which are based on data at the end of 2013. Only two other North Carolina-based banks made the list − Raleigh's CapStone Bank, which was acquired by Greensboro-based NewBridge Bank in 2014 and Greenville-based Select Bank & Trust, which moved its headquarters to Dunn after being acquired by New Century Bank.

Durham ad agency lands Crocs account

November 12, 2014

(The News & Observer, Raleigh)

Durham-based advertising agency McKinney will handle global advertising for Crocs, the Colorado-based footwear company whose plastic clogs soared to popularity in the U.S. more than a decade ago. McKinney employs 160 people in Durham and 30 at a New York office. 

German manufacturer investing $23M in Huntersville plant

November 11, 2014

(The Charlotte Observer)

A German valve-maker will build a $23 million plant and add 61 jobs over the next five year in Huntersville. Bürkert Fluid Control Systems will relocate to Huntersville from Charlotte, where it employs 66. Bürkert makes valves, sensors and other products used in water treatment plants, medical equipment and food and beverage processing equipment.

Report shows wealthy investors prefer BofA, Wells Fargo

November 11, 2014

(The Charlotte Observer)

A new report shows a combined 32% of investors with a net worth between $5 million and $25 million prefer Charlotte-based Bank of America and San Francisco-based Wells Fargo as their primary bank. New York-based JPMorgan Chase & Co. came in third.

Lumber company adding 114 jobs in Graham County

November 11, 2014

(Asheville Citizen-Times)

Oak Valley Hardwoods, a Charlotte-based subsidiary of China-based Tides and Times Group USA, will create 114 jobs and invest more than $10.1 million in a lumber operation in Robbinsville. The company will take over the former Stanley Furniture factory, where 400 workers – about 13% of the workforce in Graham County – lost their jobs when the company shuttered the plant earlier this year (Statewide, May).